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Embraer Plans $1 Billion US Investment To Mitigate Potential Trump Tariff Fallout: Report
(MENAFN- AsiaNet News)
Embraer SA (ERJ) on Tuesday reportedly announced that it is planning to invest up to $1 billion in the U.S. to mitigate the impact of potential tariffs from the Trump administration.
The Brazilian airplane manufacturer said it is considering investing $500 million in a new assembly line in the U.S. if the United States government opts for its KC-390 military aircraft, according to a Bloomberg report.
Embraer's shares were down 0.45% at the time of writing. Stocktwits data showed the retail sentiment around the ERJ stock was in the 'bullish' territory.
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